Short Interest in SR Bancorp, Inc. (NASDAQ:SRBK) Drops By 26.0%

SR Bancorp, Inc. (NASDAQ:SRBK) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 29,300 shares, a decline of 26.0% from the November 15th total of 39,600 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 39,300 shares, the days-to-cover ratio is presently 0.7 days.

SR Bancorp Trading Down 2.1 %

Shares of SR Bancorp stock traded down $0.26 during trading on Friday, reaching $12.12. 15,258 shares of the company were exchanged, compared to its average volume of 25,219. SR Bancorp has a twelve month low of $8.94 and a twelve month high of $12.46. The business has a 50-day moving average price of $11.21 and a 200-day moving average price of $10.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $114.44 million, a price-to-earnings ratio of 101.00 and a beta of 1.07.

Insider Buying and Selling at SR Bancorp

In other SR Bancorp news, Director Thomas Lupo bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $10.58 per share, with a total value of $52,900.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $211,600. The trade was a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Orbach purchased 10,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of $11.75 per share, for a total transaction of $117,500.00. Following the purchase, the insider now owns 140,000 shares in the company, valued at $1,645,000. This trade represents a 7.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On SR Bancorp

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in SR Bancorp by 31.5% during the 1st quarter. Vanguard Group Inc. now owns 446,393 shares of the company’s stock worth $4,214,000 after acquiring an additional 106,843 shares during the last quarter. Fourthstone LLC acquired a new position in shares of SR Bancorp in the 3rd quarter valued at $756,000. Arcus Capital Partners LLC acquired a new position in shares of SR Bancorp in the 3rd quarter valued at $276,000. Geode Capital Management LLC increased its position in shares of SR Bancorp by 30.7% in the 3rd quarter. Geode Capital Management LLC now owns 93,372 shares of the company’s stock valued at $1,041,000 after buying an additional 21,930 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in SR Bancorp by 59.1% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,773 shares of the company’s stock worth $368,000 after buying an additional 14,773 shares during the period. 24.70% of the stock is currently owned by institutional investors and hedge funds.

SR Bancorp Company Profile

SR Bancorp, Inc operates as the holding company for Somerset Regal Bank that provides customary retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Somerset, Middlesex, Hunterdon, and Essex counties in New Jersey. It offers deposit instruments, including noninterest-bearing demand deposits, interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit.